Thanks every one for the help! The rectangle text elements is what I needed, works perfectly. Seriously appreciate the help.
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user15582Feb 26 '13 at 23:44

2

Acrain, the best way to thank people is to upvote the answers you found effective and to mark one of them as accepted if it worked for you. This helps future readers understand the outcome and it influences searches as well.
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whuber♦Feb 27 '13 at 0:38

Right-click the overflowing dynamic text line, open its properties, copy the text out of it, and paste it into a new text box that fits your layout the way you want. Or you can start from scratch and create the data-driven text the way you want it. The various dynamic text elements (page number, document title, etc.) are all just tags that can be inserted in any text on your layout. There's a full list of them in the online ArcGIS Help.